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Feb 5, 2013
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president obama has signed a debt ceiling suspension into law. the measure allows the government to keep borrowing to pay its bills. it puts off the next congressional battle over the debt ceiling until may. boeing is asking the faa for permission to resume test flights of its grounded 787 jet. it wants to test the batteries and other components in flight since certain conditions can't be simulated on the ground. the faa is evaluating boeing's request. >>> in wall street 2013 rally interrupted with a major averages suffering their worst one-day loss in a year on monday's trading. the last hour we spoke to goldman's jim o'neil about the prospects of making money in this market. >> i think to sell if you're a medium term player is probably not a smart move. but if you've made all the gains, to take some off the table isn't a crazy idea either. >> joining us now is nouriel roubini, chairman and co-founder of roubini global economics. you're not like a market master, maybe like a market jedi. plus andrew still here from fortune magazine. the one and
president obama has signed a debt ceiling suspension into law. the measure allows the government to keep borrowing to pay its bills. it puts off the next congressional battle over the debt ceiling until may. boeing is asking the faa for permission to resume test flights of its grounded 787 jet. it wants to test the batteries and other components in flight since certain conditions can't be simulated on the ground. the faa is evaluating boeing's request. >>> in wall street 2013 rally...
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Feb 6, 2013
02/13
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>> apoplectic. >> of the impact of obama-care on the job creation in this country. i'm not judging whether or not you're right or wrong but there's a sense out there. >> to seen see small companies -- >> to raise the cost of what it is to hire an employee, you will hire less of them. >> you are seeing small companies starting to talk about, i have 100 employees, do i break up into three llcs. you are going to have to deal with that sort of thing. that is going to happen and there are people that will be upset about know it. >> the other thing that makes people apoplectic, you kcan cac about health care and spending decelerating. the bottom line was about cost containment. it really wasn't, about coverage. when you look at the amount of me on the government will spend on health care the next ten years, it is higher on obama-care than otherwise. the cost of spending will go up. >> the cost of spending for the government. >> that was the mission. >> i apologize. i have breaking news with government spending. the post office. this is breaking news. the post office says
>> apoplectic. >> of the impact of obama-care on the job creation in this country. i'm not judging whether or not you're right or wrong but there's a sense out there. >> to seen see small companies -- >> to raise the cost of what it is to hire an employee, you will hire less of them. >> you are seeing small companies starting to talk about, i have 100 employees, do i break up into three llcs. you are going to have to deal with that sort of thing. that is going to...
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Feb 28, 2013
02/13
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>> you know, i was an obama guy. i really believed that -- >> see, was is the operative word. >> joe, you said you wanted to haircut somebody out. >> i said a flowbee. >> here's mary. >> take 0.3 of an inch. >> 0.03 of an inch. >> he's willing to take 3% off. >> why don't we just give it to you and you take it over there and cut it and then bring it back here. >> randomly, mary. that's the idea. it's a random 3% cut that he's willing to do. >> it's across the board. 3%. >> it's not considered, right? >> it's just -- >> you are like the pope giving sex advice. you have no idea about what people do with hair. listen to me. do you know what a flowbee is? >> i don't. >> a flowbee is that vacuum cleaner -- >> where's barry? >> come on in there. >> where you put it on and it pulls your hair up and cuts an exact amount everywhere. >> i don't have any knowledge of that. >> i know you don't. >> -- for 1950s -- >> they talk about baldness like it's a sickness, like you've got a cure. >> that was how i showed -- because you hav
>> you know, i was an obama guy. i really believed that -- >> see, was is the operative word. >> joe, you said you wanted to haircut somebody out. >> i said a flowbee. >> here's mary. >> take 0.3 of an inch. >> 0.03 of an inch. >> he's willing to take 3% off. >> why don't we just give it to you and you take it over there and cut it and then bring it back here. >> randomly, mary. that's the idea. it's a random 3% cut that he's willing...
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Feb 26, 2013
02/13
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president obama urging compromise in congress as the deadline for the sequestration looms. meantime, global markets dealing with the uncertainty in europe. former treasury secretary larry summers. good morning, larry. >> good to be with you. >> let's talk sequester first. we can get to italy, but when you think about what's going to happen at the end of the this week, the assumption in the markets is that we're going over. if you listen to the folks in washington, the world is going to come to an end. if you listen to the folks on wall street, it's no big deal. who is right? >> look, the world will still keep turning. but this is a self-inflicted wound from which we have nothing to gain. hundreds of thousands of jobs will be lost if this plays out over a long time period. the most powerful country in the world is canceling military deployment, that its leading military figures think are essential, not because of any fundamental problem, but because of a political squabble. that is not how the greatest country in the world should be governing itself. this should be brought t
president obama urging compromise in congress as the deadline for the sequestration looms. meantime, global markets dealing with the uncertainty in europe. former treasury secretary larry summers. good morning, larry. >> good to be with you. >> let's talk sequester first. we can get to italy, but when you think about what's going to happen at the end of the this week, the assumption in the markets is that we're going over. if you listen to the folks in washington, the world is going...
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Feb 25, 2013
02/13
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and obama care is not even mandated until 2014. what makes you think that given all the headwinds that we're going to see, just in terms of, you know, regulations and new programs that in 2014 we're going to be in a better position to absorb some of these cuts? i'm worried now we're never going to be in a good position to absorb cuts economically. we may never have any growth. >> i'm more optimistic than that. we've talked about this before, joe. but, i think 2013, in gdp terms, is a transitional year, transitioning from these five years of weakness following all the events of 2008, into a stronger economy, mid 2014, end of 2014 -- >> that's a long transition. >> i think that's the case because of housing, because of energy, because of manufacturing, because of the end of household deleveraging, and i really think we're going to enter into a stronger period. it's not going to be this year. but i think it's coming. >> roger i want to go back to what becky said, which is let's say if you had a week to redo this plan. you still have t
and obama care is not even mandated until 2014. what makes you think that given all the headwinds that we're going to see, just in terms of, you know, regulations and new programs that in 2014 we're going to be in a better position to absorb some of these cuts? i'm worried now we're never going to be in a good position to absorb cuts economically. we may never have any growth. >> i'm more optimistic than that. we've talked about this before, joe. but, i think 2013, in gdp terms, is a...
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Feb 14, 2013
02/13
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and we got obama care. and obama care, when you look at the complexities in that plan, health care costs are going to go up, they're not going to go down. and you've got temporary workers to deal with. retail has got a hell of a problem. going from 35 hours a week to 30 hours a week for a temporary employee. if you've got 50 employees. you want 49. there's so many complexities in these two things. so my concern about acceleration, is regulatory. warren may have a different view of that. >> interesting thing is i agree with everything jack has said, but it's -- it's i don't come away as pessimistic as he does. but he's absolutely right about, you know, about what's happening with health care, and everything. i don't disagree with a word that he said. that he said. >> and i'm not pessimistic, warren. i'm not pessimistic. i just think we -- we're at a position where we could really take off if we had the right policies. >> yeah. well i -- i -- the interesting thing kind of is that america really is doing bette
and we got obama care. and obama care, when you look at the complexities in that plan, health care costs are going to go up, they're not going to go down. and you've got temporary workers to deal with. retail has got a hell of a problem. going from 35 hours a week to 30 hours a week for a temporary employee. if you've got 50 employees. you want 49. there's so many complexities in these two things. so my concern about acceleration, is regulatory. warren may have a different view of that....